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RE: Is This Guy For REAL?????!?!?!?!?!?!!?!?!?!?!!?!!?!?? RIPPLE XRP

in #cryptocurrency7 years ago

Extremely unlikely. There is soooooo much XRP on the market that it would take extreme amounts of money in order for XRP to get to that price level.

Let's say XRP gets to 1$. That has a negative impact on Ripples business because they want XRP to remain low in order to keep the platform highly interesting for businesses to transact on. This is the very reason why they have millions and millions of XRP in escrow. When the price of XRP rises too much and it's getting too close to become scarce Ripple will actually dump a few million on the market which will in turn effectively lower the XRP price again.

Ripple is great company. Their XRP is another thing. Even Ripple hemselves have a very hard time explaining XRP. It's for that very reason that XRP hardly ever gets mentioned by them in any of their marketing and press releases.

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well when banks use the ripple platform they will use XRP to save more money on transactions, which will amount in billions of dollars in volume each day, because they will be buying XRP from our market.

Perhaps... but XRP isn't even mandatory. Which makes it even worse for XRP investors.

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